Mozambique: Four years with economy growing 6 to 8 percent

31 March 2009

Maputo, Mozambique, 31 March – The Mozambican economy has grown annually by between 6 and 8 percent and exports have overtaken imports in the last four years under the present Government, whose mandate finishes at the end of this year, according to the government’s balance sheet.

In an evaluation of the social and economic performance of Armando Guebuza’s government made to the Mozambican parliament, Prime Minister Luísa Diogo said that Mozambique’s GDP would reach 267 billion meticais (US$10 billion) this year, against just 129 billion meticais (US$4.8 billion) in 2005, the present government’s first year in power.

Diogo said that the Government’s main focus for action over the last four years had been on the districts, which had resulted in the allocation of 5 billion meticais from the Budget for Local Initiative Investment and the creation of 108,000 new jobs in rural areas.

In the education sector, over 12,000 news schools have been built over the last four years, compared to the 9,655 which existed in 2004.

The net rate of education among Mozambican children rose from 74.2 percent to 99.2 percent, which meant almost all Mozambican children had joined the education system, said Diogo. (macauhub)